- The person taking it does not have to be a relative of the insured
- Shagun Insurance Policy covers Personal Accident
SBI General Insurance has launched a personal accident policy ‘Shagun – Gift an Insurance’. Its main feature is that it can be gifted to anyone. That is, the person taking it does not have to be a relative of the insured. The Shagun Insurance policy covers the personal accident.
How much is its premium?
The premium of this policy has been kept at Rs 501, 1001 and 2001. -. You can gift it at any time. It can be gifted on passing someone's exam, buying a new car, taking a new home, birthday, wedding, anniversary, buying a new bike, or admission in college.
Will this policy cover personal accident?
The Shagun Insurance Policy covers the Personal Accident. Which provides financial protection to the insured in the event of accidental death and partial or complete disability. Under this, the cost of ambulance will also be covered. In case of damage to the vehicle or house in the accident, 1 percent of the sum insured or 25 thousand rupees (whichever is less) will be paid. It can be gifted to a person from 18 years to 65 years. The duration of these insurance will be 1 year.
PC Kandpal, MD and CEO of SBI General Insurance, said that Shagun SBI General has a different policy. In Indian culture we give gifts to each other on special occasions or hold envelopes. Keeping this in mind, the Shagun Insurance Policy has been introduced.
Source: www.bhaskar.com
